MONDI LIMITED - Mondi Group: Trading Statement

Mondi Group: Trading Statement

Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc (together
'Mondi Group') notify both the JSE Limited and the London Stock Exchange of
matters required to be disclosed under the Listings Requirements of the JSE Limited
and/or the Disclosure and Transparency and Listing Rules of the United Kingdom
Listing Authority.

10 February 2015

Mondi Group: Trading Statement
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,
companies are required to publish a trading statement as soon as they become
reasonably certain that the financial results for the period to be reported on next will
differ by at least 20% from those of the previous corresponding period.

Mondi is currently finalising its results for the year ended 31 December 2014 which
will be released on 24 February 2015. As indicated in Mondi’s Interim Management
Statement released on 16 October 2014, the Group’s underlying operating profit for
the first nine months of 2014 of EUR551 million was above that of the comparable
prior year period of EUR538 million. It can now be confirmed that underlying
operating profit for the year ended 31 December 2014 is expected to be above that
achieved in 2013 (EUR699 million).

Furthermore, in the prior year, the Group recognised a net special item charge after
tax of EUR74 million. The equivalent special item charge for the year ended 31
December 2014 is expected to be around EUR48 million, of which EUR16 million
was recognised in the first half. In the second half of the year, additional restructuring
and closure costs and related impairments of EUR37 million were recognised. Other
items giving rise to a net gain of EUR5 million were also recognised.

Accordingly, Mondi advises that it expects earnings per share (EPS) for the year
ended 31 December 2014 to be within the ranges shown below:

-   basic earnings per share (euro cents) 96-99 (2013 79.8), increasing between
    20% and 24%
-   basic headline earnings per share (euro cents) 98-101 (2013 91.3), increasing
    between 7% and 11%
-   basic underlying earnings per share (euro cents) 106-109 (2013 95.0),
    increasing between 12% and 15%
Mondi has disclosed basic underlying EPS, which is defined as basic EPS excluding
the impact of special items, as the directors believe this provides a useful additional
measure of the Group’s underlying performance. Special items are those items of
financial performance that the Group believes should be separately disclosed to
assist in the understanding of the underlying financial performance achieved by the
Group. Mondi has disclosed basic EPS which includes the effect of special items.
The disclosure of basic headline EPS is required under the Listings Requirements of
the JSE Limited and has been calculated in accordance with Circular 2/2013 as
issued by the South African Institute of Chartered Accountants.

The above information has neither been reviewed nor audited by Mondi’s auditors.


End


Contact details:

Mondi Group
David Hathorn                         +27 11 994 5418
Andrew King                           +27 11 994 5415
Lora Rossler                          +27 83 627 0292

FTI Consulting
Richard Mountain                      +44 7909 684 466


Editors' notes:
Mondi is an international packaging and paper Group, employing around 26,000 people in
production facilities across 31 countries. In 2013, Mondi had revenues of EUR6.5 billion and
a ROCE of 15.3%. The Group's key operations are located in central Europe, Russia, North
America and South Africa.

The Mondi Group is fully integrated across the packaging and paper value chain - from the
management of its own forests and the production of pulp and paper (packaging paper and
uncoated fine paper), to the conversion of packaging paper into corrugated packaging,
industrial bags, extrusion coatings and release liner. Mondi is also a supplier of innovative
consumer packaging solutions, advanced films and hygiene products components.

Mondi has a dual listed company structure, with a primary listing on the JSE Limited for
Mondi Limited under the ticker code MND and a premium listing on the London Stock
Exchange for Mondi plc, under the ticker code MNDI. The Group’s performance, and the
responsible approach it takes to good business practice, has been recognised by its
inclusion in the FTSE4Good Global, European and UK Index Series (since 2008) and the
JSE's Socially Responsible Investment (SRI) Index since 2007.

Sponsor in South Africa: UBS South Africa (Pty) Ltd

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